Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$19.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price boosted by analysts at TD Securities from C$18.00 to C$19.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 18.60% from the company’s previous close.

CSH.UN has been the topic of several other reports. CIBC upped their price target on Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. Desjardins upped their price target on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank boosted their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, National Bankshares boosted their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Chartwell Retirement Residences presently has a consensus rating of “Buy” and a consensus price target of C$17.08.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN traded up C$0.06 during midday trading on Monday, hitting C$16.02. 96,500 shares of the company traded hands, compared to its average volume of 398,052. The stock has a 50-day moving average of C$15.47 and a 200-day moving average of C$14.01. Chartwell Retirement Residences has a one year low of C$10.64 and a one year high of C$16.16. The firm has a market cap of C$4.35 billion, a P/E ratio of -94.24 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Insiders Place Their Bets

In other Chartwell Retirement Residences news, Director Vlad Volodarski sold 31,872 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. 0.55% of the stock is owned by insiders.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.